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Can I Pay Off My Loan Ahead Of Schedule?
Usually, Yes. Like the guy in the video says, by sending in extra money each month or making an extra payment at the end of the year you can accelerate the process of paying off the loan.
When you send extra money, be sure to indicate that the excess payment is to be ... read more
What Is Included In A Monthly Mortgage Payment?
The monthly mortgage payment mainly pays off principal and interest. But most lenders also include local real estate taxes homeowner's insurance, and mortgage insurance, if applicable.
If you are refinancing compare what is and isn’t included in your financing o... read more
How Does The Interest Rate Factor In Securing A Mortgage Loan?
As you’ll see in the video, a lower interest rate allows you to borrow more money than a high rate with the some monthly payment.
Interest rates can fluctuate as you shop for a loan so ask lenders if they offer a rate "lock-in" which guarantees a specific interes... read more
What Factors Affect Mortgage Payments?
Well, as this story shows, the amount of the down payment the size of the mortgage loan, the interest rate the length of the repayment term and payment schedule will all affect the size of your mortgage payment.
In bullets:
down payment
loan siz... read more
How Large A Down Payment Do I Need?
There are mortgage options now available that only require a down payment of 5% or less of the purchase price. You’ll see some pictures in this video to help you remember later - the larger the down payment, the less you have to borrow and the more equity you'll ... read more
What About A Home Located In A Flood Plain?
A flood plain is an area of land adjacent to a stream or river that experiences flooding during periods of high discharge. Watch this video and it’ll make sense.
If you live in a flood plain lenders will require that you have flood insurance before lending any m... read more
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WOOSTER
121 NORTH MARKET STREET
WOOSTER, OHIO 44691
MILLERSBURG
138 EAST JACKSON STREET
MILLERSBURG, OHIO 44654
MILLERSBURG, OHIO 44654
MEDINA
4996 FOOTE ROAD
MEDINA, OHIO 44256
MEDINA, OHIO 44256
MOUNT VERNON
10 SOUTH GAY STREET
MOUNT VERNON, OHIO 43050
MOUNT VERNON, OHIO 43050
ASHLAND
221 CHURCH STREET
SUITE ONE
ASHLAND, OHIO 44805
SUITE ONE
ASHLAND, OHIO 44805